Arlan Suderman, Chief Agriculture Economist Stone X, joins the Fontanelle Final Bell on Wednesday after a mixed trading for ag commodities. The main focus of segment one is the corn crop across the globe. USDA rates the US corn crop currently at 76% good to excellent, but Suderman is quick to highlight that number doesn’t mean much for how the crop will look in the future. Suderman does note that a condition rating above analyst estimates give fund managers looking solely at technical the opportunity to sell and create a wave lower.
There is still a lot of weight on the US corn crops shoulder as the Safrinah corn crop in Brazil is continuing to deteriorate. Suderman relays the latest Stone X producer survey production estimates for Brazilian and South American corn production. Now the question starting to form is how does USDA and the World Outlook Board account for this on the global balance sheets.
China’s corn production and their push for self reseliency is also a topic covered by Suderman.
In the second half the conversation turns to why cyber infrastructure and it’s security is a crucial to doing business in the global economy. JBS and the pipeline shutdown shows how susceptible these companies are to hackers. With JBS giving the appearance of quickly coming back online also shows what backups and plans for these type of issues can do for a company.
Check out the full episode uninterrupted here:
